Saturday, June 8News That Matters

Stocks

Insurance Stocks to invest in after 49% FDI buzz

Stocks
Finance Ministry is contemplating raising FDI cap in the sector from 26 %  to 49 %  with some riders.  "We might increase FDI cap in insurance without commensurate increase in voting rights. We talked with stakeholders and also held high level meeting in ministry," a senior ministry official said. The official further said that the government may raise the FDI cap in the sector gradually beginning with non-life and health followed by life insurance segment. You can consider investing in following Insurance companies shares : Reliace Capital Max India Bajaj Finserv Religare Enterprises

Top 10 Midcap stock picks by Mutual funds

Stocks
Over the past couple of months, midcap & small cap stocks are running high and they are likely to lead the next leg of rally. For 2014 YTD the midcap index has gained a approx 25% as  compared to a 14 % gain seen in the BSE Sensex. Here is a list of ten stocks which are in the list of top five mutual funds: Company MF Name Value (Rs Cr)  Allocated Assets         Finloex Cables Franklin India Smaller Companies 24 5.05% Amara Raja Batteries Franklin India Smaller Companies 18 3.87% CMC Axis MidCap 13 4.54% Eicher Motors Axis MidCap 9 3.19% Divi's lab Mirae Asset Emerging Bluechip 9 3.56% Federal Bank Mirae Asset Emerging Bluechip 9 3.55% IndusInd Bank BNP Paribas Midcap 4 4.08% Balkrishna Industries BNP Paribas Midcap 3 3.07% Britannia Industries ...

Reliance Small Cap Fund buys 50,000 shares of Venkys

Stocks
Reliance Small Cap Fund has purchased 50,000 equity shares of Venkys at Rs 480 apiece through a block deal on the National Stock Exchange on Friday. As of March 31, 2014, Reliance Capital Trustee Company A/c Reliance Small Cap Fund held 2,40,593 shares or 2.56 percent stake in the company . However, Deepak Bhagnani sold 50,593 shares at Rs 480 apiece. The stock closed at Rs 476.40, down 0.18 percent after hitting an intraday high of Rs 485.15 and low of Rs 475. Market capitalisation of the company currently stands at Rs 447.41 crore.

Jo Hambro Capital buys Ramco System shares worth Rs 2.25 crores

Stocks
JO Hambro Capital Management Asia Ex-Japan Fund has purchased shares of Ramco System worth Rs 2.25 crore through a block deal on the National Stock Exchange on Friday. JO Hambro Capital bought 1,07,312 equity shares at Rs 209.73 per share. However, Dalal and Broacha Stock Broking Private Limited sold 1,00,300 shares at Rs 209.96 while it bought 500 shares at Rs 202.70 on the same day. As of March 31, 2014, Dalal and Broacha held 1.37 percent stake in the company . On Friday, the stock closed at Rs 208.60, up 4.64 percent after hitting an intraday high of Rs 212 and low of Rs 197. Market capitalisation of the company currently stands at Rs 498.03 crore.

Canada Pension Plan picks up 3.2% stake in Kotak Mahindra Bank

Stocks
Canada Pension Plan Investment Board has picked up a 3.25 % stake in private sector lender Kotak Mahindra Bank through a block deal on the Bombay Stock Exchange on Friday. Canada Pension Plan purchased 2.5 crore equity shares at Rs 880 per share, which were worth Rs 2,200 crore. However, promoter Kotak Trustee Company Private Limited A/C USK Benefit Trust-II was the seller, which offloaded 2,49,84,782 shares at Rs 880. With this stake sale, promoter and promoter group's shareholding reduced to 40.3 percent from 43.58 percent earlier . The reduction of stake sale by promoter took place after it had received a communication from the Reserve Bank of India (RBI) to bring down its promoter shareholding to 40 percent by September 30, 2014 and 30 percent by December. Commenting on the developmen...

Abu Dhabi Investment buys Aurobindo shares worth Rs 99 cr

Stocks
Abu Dhabi Investment Authority - Gulab has picked up a 0.5 % stake (worth Rs 99 crore) in Aurobindo Pharma through a block deal on the National Stock Exchange on Friday. Abu Dhabi Investment bought 14,75,687 equity shares at Rs 670.51 per share while Morgan Stanley Asia Singapore Pte offloaded 0.6 percent stake ( out of 1.6 percent stake as of March 2014 ) in healthcare company. Morgan Stanley sold 17,32,500 equity shares at Rs 669.92 apiece. On Friday, Aurobindo Pharma stock closed at Rs 669.80, up 5.14 percent after hitting a record high of Rs 679.80. Market capitalisation of the company currently stands at Rs 19,521.79 crore.

HDFC MF invests Rs 5 crore in Astra Microwave

Stocks
HDFC Mutual Fund has purchased shares of Astra Microwave Products worth Rs 4.9 crore through block deal on the National Stock Exchange on Friday.  The fund house bought 4,50,001 equity shares at Rs 108.97 per share whereas Param Capital Research Private Limited sold 5 lakh shares at Rs 109.49 apiece. On Friday, the stock closed at 52-week high of Rs 111.95, up 20% amid hefty volumes. Market capitalisation of the company currently stands at Rs 916.03 crore. The rally in the stock was also because of commerce minister Arun Jaitley has given nod to cabinet note on hiking defence FDI cap. According to CNBC-TV18 sources, the cabinet note proposes to hike defence FDI to 100 percent from 26 percent. The note also proposes that FIIs and portfolio investors can hold up to 49 percent in the sec...

Stocks to buy in Modi Sarkar – Prabhudas Lilladher

Stocks
Prabhudas Lilladher has come out with its "India Strategy" report. The research firm belives that following companies have great potential to give handsome returns. J K Lakshmi Cement, Texmaco, Titagarh Rail, AIA Engineering, Dewan Housing Finance, Astra Microwave,   Elecon Engineering, Gati, Finolex Cables and Bajaj Electricals Kolte Patil

10 stocks which can give good returns in Modi’s Govt

Stocks
The stock market is betting the new government will focus on sectors such as banking, infrastructure, power, highways and telecom to boost growth. ET has compiled a list of 10 stocks that could benefit the most from a policy push. Company CMP YTD Return Reason         ICICI Bank 1469 33% Lower Inflation & fiscal deficit. Positive Interest rate perspective L&T 1525 42% well leveraged to take advantage of a demand uptick if the capital expenditure cycle revives. benefi t from value unlocking in the next 1-3 years. Maruti 2215 25% Strong competitive position, sharp rebound in volumes driven by consumer sentiment improvement and product launches, potential market-share gains and higher margins. ONGC 417 46% Subsidy rationalisation and higher gas price SBI 2569...

Macquarie buys stake in GATI from open market

Stocks
21/5/2014    Macquarie Bank purchased more than 1 million shares of the company at an average price of Rs 97.02 per share in a block deal on Tuesday, NSE data shows. Shares in Gati LtdBSE 4.58 %, logistics solutions company, surged about 7 per cent after Macquarie Bank bought stocks in the company on Tuesday in a transaction estimated at about Rs 99.5 million.   On December 30 2013,  M/s Derive Investments a fund run by independent investor Radhakishan Damani and Gopikishan Damani, bought 4.44 million shares, or 5.13% of the total equity of the company via open market purchase. Post acquisition, total holding of M/s Derive Investments has increased to 6.97% from 1.84% earlier, it added.  He bought at @ 43 per share.